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2705-2731 Hempstead Tpke 28,000 SF 100% Leased Retail Building Levittown, NY 11756 $8,000,000 ($285.71/SF) 6.50% Cap Rate
Investment Highlights
- Tenants in this shopping center include a hobby store, cantina bar/restaurant, escape room, nail/waxing salon, and a dance studio.
Executive Summary
18-unit shopping center with rear parking lot, fully occupied. Strong, resilient tenant mix with favorable lease terms. Enjoys high traffic counts and excellent visibility on a strong retail corridor, at the junction of the Wantagh State Parkway and Hempstead Tpke.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
28,000 SF
Building Class
C
Year Built
1950
Price
$8,000,000
Price Per SF
$285.71
Cap Rate
6.50%
NOI
$519,825
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
1.06 AC
Parking
61 Spaces (2.35 Spaces per 1,000 SF Leased)
Frontage
235’ on Hempstead Tpke
Amenities
- Signalized Intersection
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-45-123-00-0032-0 | Improvements Assessment | $3,538 |
| Land Assessment | $12,207 | Total Assessment | $15,745 |
Property Taxes
Parcel Number
2089-45-123-00-0032-0
Land Assessment
$12,207
Improvements Assessment
$3,538
Total Assessment
$15,745
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2705-2731 Hempstead Tpke
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